The S&P 500 is Near our Profit Target!!

2021年4月13日

Stocks have continued their ascent, and the S&P is just below our target of 4144. We should see resistance here but there is no denying that overall stocks are in bull mode. We have not seen a reasonable pull back since March. We are due for one, or at least a sideways correction at highs. There is a vacuum zone down to 4073, which seems unlikely at this point, but stocks are very good at punishing the exuberant. The Kovach OBV is still very strong, but its starting to look overbought.